Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-726-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| lpv:document identification number |
"en.20110705.40.2-726-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
"The Commission has not been approached either formally or informally by the Bulgarian authorities concerning possible notification of a potential state aid issue regarding the future financing of the Belene project. The Commission has recently requested clarification from the Bulgarian authorities on the subject, but no information has been received so far. It is thus premature to draw conclusions as to whether possible state guarantees or other ways of financing the project in the future may or may not be in line with EU state aid rules.
As regards past financing, the Commission has investigated the matter following a complaint. Based on the Council of Ministers decree of 27 October 2008, BGN 300 million were allocated from the state budget with a view to increasing the capital of NEK-EAD, the Bulgarian national electricity distributing company, in order to implement the project of building this nuclear power plant, the Belene nuclear power plant.
The information showed that the capital injection was performed in the light of considerations and prospects, and under conditions, that would have prompted a private investor to carry it out. Furthermore, the project was subject to an invitation for expressions of interest from strategic investors addressed to prospective private co-investors in May 2007. Several of them replied positively, showing interest in the project based on the available prospects at the time.
This is additional evidence that private investors also consider investment in the project at market terms to be justified. On that basis and pending the further information requested from Bulgaria as to future plans for the financing of the project, it would be premature to conclude that state aid financing is planned for the future and, if so, when the Commission could take a decision on the matter."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples